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Hewlett-Packard, 2006 Timeline Saturday, April 21 Bookmark and Share     Author
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Chairwoman Tries To Save Her Job Dunn to Step Down
World News (12) USA (335) California (187) Bay Area (11) Peninsula (1080) Palo Alto (154) HP (149) 2006
Business (34) Politics (6) Crime (9) Pretexting (2)
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Pretexting (2)   HP, 2006   U.S. in September, 2006 (81)   Laws (31)   HP Business Resignation
Investigation broke state laws
HP splits handheld, notebook divisions Fiscal First Quarter Profit Jumps 30%  Hewlett-Packard saw cost-saving benefits from a restructuring and strong sales in notebook computers HP jumps into retail photo printing Products Tailored For India 2nd-quarter profit up 51% 100 new printers unveiled Hewlett-Packard Revises 2Q Profit Upward HP to close offices, cut real estate costs Microchip size of pencil dot HP to buy Mercury Interactive for $4.5b  The all-cash price works out to $52 per share, a 33% premium above Mercury's closing price of $39 in the over-the-counter market HP Beats Forecast As Sales Up 5%  3rd-quarter profit surged dramatically because of a tax adjustment on billions of dollars earned abroad Shares Soar on Strong 3Q, Outlook HP Sought Director Records in Leak Probe

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September 2006 ... more > Top ^
  Investigators sought private telephone records while hunting for leaks to the media of confidential information
 HP ousts veteran member of board George Keyworth. The techniques of the investigation relied on an illegal data mining method known as 'pretexting'
  Attorney general: Crimes were committed after HP hired private investigators to obtain the phone records
  Patricia Dunn will step down as chairwoman amid a widening scandal. She will be succeeded by CEO Hurd
Attorney General: Indictments Are Likely Sep.15 Shares rising above the fray Sep.16 Congress summons HP execs for hearing Sep.19 Army 10 years' contract valued at $5B Leak Investigation Targeted Former CEO Sep.21   E-mails Suggest CEO Had Role In Scandal  Mark Hurd played a more direct role in an investigation of media leaks than previously disclosed Stock Drops As CEO Linked To Spy Probe Sep.22 CEO Offers Apology; Chair Resigns Now
  Mark Hurd announced that the fallout over the scandal also appeared to take down 2 senior HP employees
Sep.28 Lawmakers Rip HP Tactics In Leak Scandal  Lawmakers denounced the intrusive tactics as a congressional hearing launched General counsel resigns from company  Ann Baskins announced her resignation shortly before the CEO expected to testified before Congress Yahoo Teams Up With HP To Boost Search  Yahoo has struck a deal with Hewlett-Packard to plant its Internet search engine on millions of computers Lawmakers Compare Scandal To Enron  Current and former board chairs readily agreed that the company had behaved horribly in trying ferret out leaks

October 2006 ... more > Top ^
Oct.1 Star attorney caught in spotlight Oct.4 Criminal Charges Filed Against Dunn
  California's attorney general filed charges against former HP Chairwoman Patricia Dunn and 4 others
Oct.5 HP's Dunn Smiles In Court, Faces Charges  Ousted Chairwoman smiled and held her husband's hand in court while facing felony charges Oct.19 Security firm went through trash  Investigators dug through a WSJ reporter's trash as part of a now-discredited boardroom leak probe Oct.24 HP scandal references in OpenWorld  Hewlett-Packard's CEO began his keynote address with some more subtle references to the embarrassing scandal

November 2006 ... more > Top ^
Nov.15 Dunn Pleads Not Guilty In Spy Probe
  The Hewlett-Packard chairwoman pleaded not guilty to four felony identity theft and fraud charges Nov.16 Hewlett-Packard Q4 Results Surge  The earnings are beating Wall Street expectations, on higher sales of laptops and printers Nov.18 Thompson picksed as board director Nov.30 Shareholder Suit Claims Insider Trading  A lawsuit overis alleging that executives sold millions of dollars in stock just before the scandal broke

December 2006 ... more > Top ^
Dec.7 $14.5M To Settle State Pretexting Lawsuit
  Hewlett-Packard agreed to settle a lawsuit brought by state Attorney General accusing the company of unfair business practices Dec.11 CFO Bob Wayman to retire
  Wayman, 61, will be succeeded by Cathie Lesjak, 47, the treasurer and senior VP Dec.12 CEO says more cost-cutting ahead  Hewlett-Packard still has more cost-cutting ahead, even after a massive restructuring that has sliced the work force by 10% Dec.13   Congress Asks CEO To Explain Cashout  The panel has demanded that Hurd explain $1.37 million of options he exercised just before the scandal became public

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